Man Group Plc, the world’s largest publicly traded hedge fund, saw its assets soar to a record in the three months through September, as clients poured more money into long-only products and performance improved.
The London-based firm’s assets rose to $213.9 billion, from $193.3 billion at the end of June, according to a statement from the firm on Friday. Net outflows from the company’s alternatives offering were offset by cash coming into the firm’s long-only products, bringing net inflows to $9.7 billion.
Both assets and inflows beat the company-compiled analyst estimates by a wide margin, with consensus being $1.7 billion for inflows and $201.7 billion for assets under management.
Shares of the hedge fund firm gained as much as 3.3% in early London trading on Friday.
The firm’s flagship quant strategies have also pared losses year-to-date after a tough first half that saw markets whipsaw after US President Donald Trump unleashed a tariff war that caused traders to rapidly reprice risk across asset classes.
Man Group’s AHL Alpha fund gained 7.6% in the three months through September, bringing year-to-date losses to 0.8%.
Robyn Grew, the first female chief executive officer of the 242-year-old firm, has gone on a restructuring drive since taking the reins in September 2023. Last year, she merged the discretionary trading units and dumped three house brands, while this year she reshuffled the leadership.
The firm also stepped into the ETF arena with the launch of two actively-managed bond ETFs.
Man Group was founded in 1783 by James Man as a barrel maker-cum-brokerage on Harp Lane, London. Over the next two centuries, it supplied rum to the Royal Navy and traded commodities such as coffee and sugar before eventually focusing exclusively on financial services. The firm runs a range of investment products from hedge funds, quant money pools to long-only funds.
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